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First Business Bank · 1 hour ago

Loan Processor - Hybrid!

Madison, WI

Full-time

Hybrid

New Grad, Entry Level

First Business Bank is a client-focused organization that prioritizes its employees. They are seeking a Loan Processor who will handle customer service inquiries, manage loan activities, and ensure accurate loan documentation in a hybrid work environment.

Financial Services

Culture & Values

Responsibilities

Timely and professional response to emails and telephone calls to the loan department

Post loan payments and advances on loans

Perform address changes and risk rating changes

Loan reports

Credit Verifications

Follow up on items in monthly tickler reports

Prepare loan payoff statements

Timely and professional response to emails and telephone calls to the loan department

Determine loan request has appropriate approval as required by loan policy. Prepare loan documents as requested for loan officers, as assigned. Review loan documents for accuracy and completeness prior to and post closing, in accordance with applicable legal requirements and the bank's loan policy

Set up and book loans to the loan system according to bank guidelines accurately and in a timely manner. Prepare FTM transactions, wire funds and request cashier’s checks in order to distribute funds as requested by the loan officer

Create or add to existing loan file and forward documents to other Review Representatives for editing and final review. Mail necessary documents for recording at the appropriate filing office (ROD, DFI, etc.) in a timely manner. Identify ticklers for Credit Quest tracking - tracking missing or unrecorded documents and loan policy and documentation exceptions. Follow up and resolve any incomplete or incorrect items identified by edit in a timely manner

Qualification

Loan ProcessingBanking ExperienceWritten CommunicationIndependent JudgmentAnalytical SkillsCuriosity

Required

Banking experience in loan processing preferred

Ability to work independently and use independent judgment with minimal supervision

Demonstrated success with written communication, and ability to assess and analyze information, formulate conclusions and recommendations, and prepare well-written reports that will be reviewed and presented

Strong desire to be curious and inquisitive, and self-confidence to ask questions